VANCOUVER, March 20, 2012 /CNW/ -Sunstone Investment Management Inc., the Manager for the Morguard Sunstone Real Estate Income Fund (the "Fund") (TSX: MSN.UN), today announced a cash distribution of $0.0541666 per unit, ($0.65 per Unit per annum) payable on April 16th, 2012 to Unitholders of record at the close of business on March 30th, 2012.

The policy of Morguard Sunstone Real Estate Income Fund is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.

About Morguard Sunstone Real Estate Income Fund

The Fund, a closed-end investment fund, was created to provide Unitholders with the opportunity for (i) stable monthly distributions and (ii) long-term capital appreciation, through investment in an actively managed, diversified portfolio of publicly traded real estate securities, including securities of Canadian and United States real estate investment trusts ("REITs") and real estate operating companies and the companies that provide services to them and, to a lesser extent, bonds, convertible debentures and similar fixed-income securities, and securities of foreign issuers.